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The Latest Breaking News from Oil

How does the Iran war end? US and Israeli leaders at odds over priorities

After weeks of US President Donald Trump insisting that a deal with Iran is just around the corner, violence has flared up again. Part of the challenge for Trump is that he and Israeli Prime Minister Benjamin Netanyahu no longer have the same priorities. Washington wants an out from a…

France 24

OPEC oil output lowest since at least 2000 as US blockade squeezes Iran: Report

OPEC oil output in May plummeted to its lowest in over two decades, dropping by 1.06 million barrels per day. This significant decline was primarily driven by a U.S. naval blockade impacting Iran's exports, making it impossible for OPEC+ members to meet their planned production increases.

The Economic Times

Dollar Weakens on as Expected US May CPI

The dollar index (DXY00 ) today is down by -0.13%. The dollar is under pressure today after US May consumer prices rose as expected, easing inflation fears and potentially keeping the Fed from tightening monetary policy. Losses in the dollar are limited as today's stock weakness has boosted liquidity demand...

Barchart

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Oil Climbs As Trump Says He Could Hit Iranian Infrastructure Over Failure To Reach a Deal

Oil is climbing on Wednesday after President Donald Trump said he could strike Iranian infrastructure as negotiations to reach a deal drag on.

International Business Times

Florida Firm Poised to Send Largest U.S. Fuel Shipment to Cuba Since 1960 Embargo Began

Coral Gables-based Vanguard Energy plans to send roughly 250,000 barrels of diesel and gasoline to Cuba every month or 40 days

Latin Times

Moscow’s latest car bombing shows Putin’s generals who the real target is

ANALYSIS: Ukraine has combined assassinations with bombings in a bid to break the logistical spine of Russia’s war effort, writes world affairs editor Sam Kiley

The Independent UK

Residents in Crimea forced to ration fuel after Ukrainian drone attacks

Russia is facing almost daily Ukrainian attacks on its oil infrastructure

The Independent UK

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Kyiv hit Russian military plant using Ukrainian-made Flamingo missile, Zelenskyy says

Volodymyr Zelenskyy vowed to continue Kyiv’s strikes deep inside Russia in response to attacks on Ukraine, but also a way of forcing the Kremlin into direct talks.

Euronews

Current price of oil as of June 10, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune

India bonds snap four-day rally on US-Iran war risks

Indian government bonds witnessed a dip on Wednesday, breaking a four-day winning streak. The decline was largely attributed to soaring oil prices linked to geopolitical unrest in the Middle East and traders making profit-takings. Investors are on edge regarding inflation uncertainties. Notably, foreign investment in Indian debt has surged due…

The Economic Times

French luxury brand mocked for selling £39 ‘incense spiral’ that looks like mosquito-repellent coil

Social media user jokes that Diptyque ‘gentrified my mosquito coil’

The Independent UK

Cotton Back to Posting Wednesday Gains

Cotton trading with early Wednesday gains of 23 to 71 points. Futures posted losses of 143 to 231 across most contracts on Tuesday. The outside factors are pressure, with crude oil down $2.60 to $88.70/barrels. The US dollar index is down $0.049 at $99.975. Monday afternoon’s Crop Progress showed 77%...

Barchart

Breaking free from fossil fuels is urgent but hard – Colombia shows why

Colombia’s outgoing president Gustavo Petro, a former guerrilla and the country’s first leftist leader, came to power in 2022. He promised something few leaders of fossil fuel-producing countries have seriously attempted: to reduce his country’s dependence on oil, gas and coal.

The Conversation

Oil Climbs, Stocks Struggle After US Launches New Strikes on Iran as BofA Urges Investors to Book Profits

Oil prices rose while gold fell following fresh US strikes on Iran, threatening a fragile truce. Bank of America warns investors of potential market corrections, urging them to book profits.

International Business Times UK

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AAP

Wall Street points toward another tech sell-off while oil prices jump after US attack on Iran

The technology sell-off on Wall Street dragged into another day and oil prices rose after the U.S. military launched attacks against Iran

The Guardian - US

The rightwing campaign to control how US judges view the climate crisis

US energy secretary Chris Wright featured in seminars to judges when he was a fracking executive

International Business Times UK

Who Is Anant Ambani? Reliance Heir Behind $100M Trump-Linked Texas Refinery Deal

Anant Ambani, Reliance Industries' executive director, is linked to a $100M investment in a Texas refinery involving Trump Jr., raising questions about business and political ties during Trump's second term.

The Economic Times

India-US energy cooperation could help drive USD 500 bn trade goal by 2030, report says

India and the United States can boost bilateral trade to USD 500 billion by 2030. Deeper cooperation in hydrocarbons is key. The energy relationship is evolving into a strategic partnership. Opportunities exist in LNG, crude oil, and LPG. Strengthening supply chains and energy security is vital. Collaboration will support economic…

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The Economic Times

Rupee ends nearly flat on competing oil, intervention and NDF maturity cues

The Indian rupee saw little change on Wednesday. Traders noted oil price swings and strong dollar demand. The Reserve Bank of India likely intervened to stabilize the currency. Geopolitical tensions in the Middle East added to market uncertainty. Investors now await US inflation data for further market direction.

Salon

Get used to $5 gas

Even if the war ends now, it will take months for prices to come down

Fortune

U.S. emergency oil supplies are lower now than at any time since Reagan—and heading toward panic levels

Everything you need to know before you reach the office this morning.

The Economic Times

Suez Canal sees oil tanker surge amid Strait of Hormuz disruption

Egypt's Suez Canal saw a significant rise in oil tanker traffic and revenue in April. This surge is linked to the closure of the Strait of Hormuz, forcing ships to use the Red Sea route. Broader vessel traffic also increased. This unexpected boost benefits Egypt's foreign exchange earnings, though overall…

The Guardian - UK

Sali Hughes on beauty: a new generation of setting sprays that work even on oily skin

Want to keep your makeup in place but always end up looking shiny? These sprays have a blurry finish that flatters everyone

The Economic Times

Banks pay 7% on dollar deposits as India seeks fresh foreign currency

Indian banks are significantly increasing rates on foreign-currency deposits to attract overseas residents, testing the central bank's new measures to boost capital inflows and support the rupee. This strategy aims to strengthen the currency amidst high oil prices and intense domestic deposit competition.

AAP

World shares are mostly lower after a tech sell-off on Wall Street, while oil prices waver

Shares in Europe are mostly lower after most markets in Asia declined

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